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- 29 Nov
Retail Fuel Margins Improve, Contribute To Alimentation Couche-Tard Earnings Gain
Retail fuel margins in the US improved by $.0134 per gallon to reach $.1712 per gallon, according to the second quarter financial report from Alimentation Couche-Tard. These retail fuel margin improvments helped net earnings improve by 19.7%. The company also cited additional sites offering fuel as a reason for the improved earnings.
Alain Bouchard, president and chief executive officer, said it was the company’s focus on margins that allowed them to deliver good results, as well as their focus on merchandise sales and expense control.
Fuel volumes in the US were up .5%. Total fuel gross profit in the US hit $143 million USD, and in Canada fuel gross profit hit $33 million USD, for a total of $176 million USD for the quarter. For the past two quarters, US fuel margins hit $.1811 per gallon.
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